Why Space Stocks Fell Out of the Sky Today [The Motley Fool]
Maxar Technologies Inc. (MAXR)
Last maxar technologies inc. earnings: 3/2 04:08 pm
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mdacorporation.com/corporate/investor/overview
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Source: The Motley Fool
What happened The World Health Organization says it's official, now: Coronavirus is a pandemic But can you catch COVID-9 in space? You'd almost think that was possible, from investors' reaction to the latest developments on the novel coronavirus outbreak today. Not only are earthbound stocks collapsing left and right, but four major players in space are also down significantly. By the closing bell, shares of satellite communications company Iridium ( NASDAQ:IRDM Intelsat NYSE:I C-band alliance Virgin Galactic NYSE:SPCE Maxar Technologies NYSE:MAXR Image source: Getty Images. So what How does any of Actually, it kind of does make sense when you consider that at this point in the development of the space economy Maxar Technologies' various businesses, too, are all tied to Earth. Every satellite or spacecraft Maxar builds, after all, launches from Earth initially. Even the satellite repair robots that Maxar has been designing for NASA and DARPA won't find much of a market if the satellit
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